DOJ Backs Antitrust Lawsuit Accusing BlackRock and Others of Colluding to Boost ESG

DOJ Files Statement of Interest in BlackRock Coal Manipulation Case

The Federal Trade Commission (FTC) and the Department of Justice (DOJ) filed a Statement of Interest in a lawsuit accusing asset managers BlackRock, State Street, and Vanguard of attempting to manipulate the energy market. According to a statement from the FTC, the lawsuit alleges that the asset managers “engaged in an anticompetitive conspiracy to drive down coal production as part of an industry-wide ‘Net Zero’ initiative to further anti-coal …

DOJ backs antitrust lawsuit accusing BlackRock and others of colluding to boost ESG

The Department of Justice filed an amicus brief supporting Texas Attorney General Ken Paxton’s lawsuit against BlackRock, State Street, and Vanguard for allegations of antitrust violations. Paxton filed the lawsuit against the three investment companies “for conspiring to artificially constrict…

DOJ backs lawsuit accusing BlackRock, others of colluding to boost ESG

The Department of Justice filed an amicus brief supporting Texas Attorney General Ken Paxton’s lawsuit against BlackRock, State Street, and Vanguard for allegations of antitrust violations.  Paxton filed the lawsuit against the three investment companies “for conspiring to artificially constrict the market for coal through anticompetitive trade practices.” The three companies face allegations of using their massive holdings in major coal produce…

Trump Admin Backs Red States’ Antitrust Suit Against Financial Titans To ‘Protect Coal’

The FTC and the DOJ filed a statement of interest regarding Texas Attorney General Ken Paxton's antitrust lawsuit against major asset managers.

Trump Admin Throws Weight Behind Lawsuit Alleging Wall Street Embraced ESG To Shut Down Coal

The Federal Trade Commission is throwing its weight behind a high-profile federal lawsuit led by 12 Republican-led states accusing three of the world's largest asset managers—BlackRock, State Street, and Vanguard—of artificially constricting the coal market in violation of U.S. antitrust laws, the Washington Free Beacon has learned.The post Trump Admin Throws Weight Behind Lawsuit Alleging Wall Street Embraced ESG To Shut Down Coal appeared firs…

Trump Administration Supports AG Paxton’s Lawsuit Against BlackRock, State Street, and Vanguard for Illegally Manipulating Energy Markets

AUSTIN, TX– The Trump Administration’s Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) have taken legal action supporting Attorney General Ken Paxton’s lawsuit against BlackRock, State Street, and Vanguard for conspiring to artificially manipulate the coal market through anticompetitive trade practices. “I am grateful that the Trump Administration has joined my effort to hold […]